5, MILLENNIUM WAY, KESGRAVE, IPSWICH, IP5 2EN - £290,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MILLENNIUM WAY is a very large detached house of 160m², built sometime between 1996 and 2002. It was last sold for £290,000 in July 2009, which was around 28% above the average July 2009 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

5 MILLENNIUM WAY Sold Prices

Land registry data shows two sales for 5 MILLENNIUM WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 5 MILLENNIUM WAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 17 JUL	£290,000	£226,587	28% above HPI
2001 23 NOV	£246,500	£144,437	71% above HPI

5 MILLENNIUM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 5 MILLENNIUM WAY sales from November 2001 and July 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2001 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the July 2009 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 5 MILLENNIUM WAY?

5 MILLENNIUM WAY is 160m² according to the EPC inspection conducted in May 2009. This puts it in the largest 20% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 5 MILLENNIUM WAY lies on this distribution: 88% of detached houses are smaller than 5 MILLENNIUM WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

5 MILLENNIUM WAY: Plot and Title Map

5 MILLENNIUM WAY sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 5 MILLENNIUM WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 MILLENNIUM WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 MILLENNIUM WAY?

5 MILLENNIUM WAY is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 5 on MILLENNIUM WAY.